The Ketchum keystone. [volume] (Ketchum, Idaho) 1885-1899, 1887-03-12

I! or the =. NJ. 4 Is @.
This new organisation succeed
the old Philadelphia Mining an
smelling company and Little Woo
River Mining and Smelling compa
ny, and includes in its property tn
Silver Star, Salamander and othe
mines on Smoky, and other mimi,
interests in this vicinity. 1t j
based upon q number of the mos
valuable mining interests in Idaho
with capitalization on low prop
erty valuation of 100000, ant
has 100000 cash working capita
in its treasury. 1t is strong con
Germ, and starts out unincumberet
with any debts or liabilities, ant
with what may now be conceded
we'll developed. large producin,
mines of its own, with titles fully
secured by patents, and extensive
smelling, concentrating, samplin9
and general ore treatment and re-
duction works, the very best anc
most complete of their kind. 1t.
future augurs well, and it behoove:
this immediate community to lend
every assistance and encourage
ment to its operations.
The old Philadelphia Smelling
company, as it has been known
struggled against every possible dis.
advantage and obstacles for the
past six years, maintaining, by a
system Of fair dealing and strict
adherance to all contracts, an un-
impaired credit always. A few OF
its leading stockholders furnished
the requisite capital for it's various
mine developments and smelling
operations until they were creditors
to large amounts, and who finally
determined to rub out the indebt-
edness, and with their dearly bought
experience make a new effort to
supply new sinews Of war and start
again with a clean slate. To this
end an action is brought against
the company in the District court
the first suit by any one against
the company-that more than any
thing else has made in this COM
munity, an evidence in itself of its
honorable course.
We cannot refrain from comment
on the fact that the old company
did not have a fair deal in general.
Even when it was in the market
for ores, and offering rates equal to
outsiders it did not get them. 1t
is a notorious fact that tons and
tons of ores have gone from our
very doors to foreign and remote
works that did not net the vendors
as great an amount as they could
nave realized from the company,
and the reasons do not rebound to
our credit as a community. Per-
sonal feeling, clashing Of tritiing
local interests, envious self sacri-
iice, combined with some appar-
ent Indifference and mismanage-
ment by the company in more re-
mote times, were some of the causes.
Now let this all cease. Let every
person in this community stop and
what active work by such
a concern in our midst means.
That it means nearly $40 on every
ton of ore it handles, distributed in
all our channels Of commerce and
business pursuits, over and above
the purchase or sale price of the
ores themselves. 1t goes to the
merchant, the mechanic, the team
ster and the laborer, and circulates
for the benefit of all. The works
put to only half their capacity on
full time would reduce $4,000 tons
Of ore or more a year. which gives
us circulation for mere reduction
Of over a quarter of million dol
lars. They can handle the whole
and the growing ore production of
this vicinity, and will be made to
if fair chance is given them. The
new company is going to make
dollar whenever it sees it can. 1t
IS only reasonable to infer this. Let
rs all turn in and make united en-
leavors to show it how to do it.
Give wholesale encouragement, in
stead of half-hearted support.
Counsel and urge its interests. See
that it gets our ores on a fair scale
with other markets, and instead of
,riticising and rejecting on every
minor detail and apparent objec-
ion to it, rather talk apd boast its
facilities, and do everything posi-
Die to uphold it, thus giving life
and vigor to every other pursuit
md enterprise in our midst. This
should be the leading community
If Wood River. 1t can, and will
De, if everyone will consider his
rue interests by, in a general way.
for the interests of the
eading enterprise of our region
he leading enterprise,'in fact, of
Idaho, located ril Int here among US.
Sidney l.. Wright, Esq, the gent
Il and competent vice president OF
he old company, will be the presi-
lent of the new organization.
Col. II. 7. Hardess will continue